Marvell to Acquire Photonics Startup Celestial AI For Up to $5.5 Billion
The deal confirmed a report in The Information late Monday night that the two companies were in advanced talks.
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Recent Editions
Bending Spoons to Buy Eventbrite for $500 Million
The acquisition also follows a spate of other purchases by Bending Spoons, including AOL, Vimeo, Brightcove and Evernote.
Kalshi Raises $1 Billion Round Led by Paradigm
Kalshi’s valuation jumped to $11 billion from $5 billion in October.
AWS Touts New AI Models, Trainium3 Servers at Customer Conference
Amazon Web Services is trying to shake the perception that it's behind in AI, and CEO Matt Garman used his re:Invent keynote to convey that message.
Shopify Reports 27% Black Friday Weekend Sales Growth
The average cart price increased slightly as tariffs and inflation raised prices.
Wealthfront Seeks $2.1 Billion Valuation in IPO
The 17-year-old company could go public as early as next week, after filing its initial S-1 in September.
Amazon Retail Exec Departs for Business Development Role at OpenAI
Torben Severson was chief of staff to Amazon’s retail chief Doug Herrington
China’s Kuaishou Launches All-In-One AI Video Model
In the AI video sector, many Chinese companies are competing fiercely with U.S. giants like Google and OpenAI.
Nvidia Invests $2 Billion in Synopsys
The companies said the investment is not intended to fund purchases of Nvidia chips.
Amazon Tests U.S. Ultrafast Delivery Offering
The new service, which aims to get items to shoppers in as little as 30 minutes, could boost Amazon’s business selling groceries and other staples.
Strategy Raises $1.44 Billion to Pay Interest, Dividend
The biggest bitcoin-holding stock seeks to temper fears that it may be forced to sell its bitcoin.
Apple AI Leader Giannandrea Departs
John Giannandrea, who led Apple’s AI team since 2018, struggled inside the company
OpenAI Takes an Equity Stake in Thrive Holdings
OpenAI to provide AI models and expertise to Thrive Holdings’ companies
Chinese Investors Clamor Over Chip Designer Moore Threads’ IPO
Moore Threads’ skyrocketing retail demand signals the Chinese government's determination to cultivate domestic AI chip capabilities to replace Nvidia’s offerings.
AWS, Google Launch Service to Connect Two Cloud Platforms
The new service allows customers to establish connectivity between AWS and Google Cloud in minutes and move data.
Analyst: Apple to Use Intel to Manufacture Low-End Chips for Macs and iPads
The move comes as Washington is pushing for Intel to reclaim its lead in chip manufacturing over TSMC.
U.S. Black Friday Spending Sets Records as Consumer Spending Holds Strong
Retailers saw a 600% increase in traffic from AI-powered search features this year, Adobe said.
DeepSeek Says Model Would Have Earned an Olympiad Gold Medal
The milestone was achieved by other AI companies earlier this year.
India’s Adani Group to Invest $5 Billion in Google Data Center
Adani and Google said last month they were building the data center campus in India and it would have more than one gigawatt of power.
Co-founder of Trump-Backed Crypto Firm Threatens SEC Whistleblower Case
A co-founder of Alt5 Sigma that struck a partnership with World Liberty Financial has threatened to file a whistleblower complaint over suspected irregularities in the public reporting.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy